TradingView
JamesFlem
Feb 28, 2023 4:50 PM

RR. Short if 150+ not breached Short

ROLLS ROYCE HOLDINGS ORD GBP0.20LSE

Description

Thinking this is a great overbought trade here.
RSI 75 overbought conditions.
Massive gap too be filled around 115
Entered zone of previous sellers(resistance)

ideally for a long position it would fill this gap and then bounce again which coincides with the .38 fib that's present in that zone.
Comments
Bilal11111
Interesting you see a short! Making me think of taking my profits and running
jamesaphoenix
@Bilal11111, I already scalped a lot of my profits against RR.

DYOR though :)
pridefulZebra21205
@Bilal11111, I sold at 148 and gutted it's still going. Any ideas on what's next? I'm hoping some of those gaps get filled so I can buy back in before it goes to 180.
Owcheew8
Indeed.
More